Just saw the news—a certain whale got trapped with $12 million on $HYPE.

Coincidentally, there are also issues with the technical signals on the 4-hour chart.

The MACD white and yellow lines have both crossed below the zero axis, forming a death cross. This isn’t a normal pullback—the trend is turning bearish. Look at the resistance above: 33 is the first hurdle, 37 is even tougher. Want to push higher now? Pretty much impossible.

Downside? 29.5 can hold in the short term, 28 is the lifeline. If that breaks, panic selling could surge.

Some might think: If even big players are trapped, is this a bottom-fishing opportunity?
Wake up. If even whales got the direction wrong, what makes you think you can time the top and bottom? When both fundamentals and technicals are bearish, that kind of confluence isn’t something to mess with.

I’ve seen too many people get excited when they see “institutions trapped,” thinking it’s time to buy cheap. The result? They buy halfway down, and the more they buy, the deeper they sink. The market doesn’t care about your capital size, only if you’re following the trend.

So what to do now?

If you’re holding: If there’s a rebound near 33 and it can’t break through, cut your position decisively. Keeping some capital is more important than anything.

If you want to enter: Don’t rush. Wait for two conditions: price drops into the 28–29.5 range and shows signs of stabilizing on lower volume; or the MACD shows bullish divergence and a potential golden cross. It’s better to miss out than to blindly catch a falling knife.

If you’re on the sidelines: Keep waiting. Entering now isn’t cost-effective.